California State Teachers Retirement System decreased its stake in shares of Sealed Air Corp (NYSE:SEE) by 7.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 313,090 shares of the industrial products company’s stock after selling 24,899 shares during the quarter. California State Teachers Retirement System’s holdings in Sealed Air were worth $15,435,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. SeaCrest Wealth Management LLC purchased a new position in Sealed Air during the fourth quarter worth approximately $171,000. Compton Capital Management Inc. RI purchased a new position in Sealed Air during the fourth quarter worth approximately $205,000. Beck Mack & Oliver LLC acquired a new stake in Sealed Air during the fourth quarter worth $207,000. King Luther Capital Management Corp acquired a new stake in Sealed Air during the fourth quarter worth $211,000. Finally, MHI Funds LLC acquired a new stake in Sealed Air during the fourth quarter worth $216,000. Hedge funds and other institutional investors own 98.26% of the company’s stock.

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Shares of Sealed Air stock opened at $42.91 on Thursday. Sealed Air Corp has a one year low of $40.76 and a one year high of $49.94. The company has a quick ratio of 0.99, a current ratio of 1.35 and a debt-to-equity ratio of 21.21. The firm has a market capitalization of $7,331.02, a price-to-earnings ratio of 10.24, a PEG ratio of 1.66 and a beta of 1.19.

Sealed Air (NYSE:SEE) last issued its quarterly earnings data on Thursday, February 8th. The industrial products company reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.01. Sealed Air had a return on equity of 74.28% and a net margin of 17.90%. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the previous year, the firm posted $0.50 earnings per share. The company’s revenue was up 11.5% on a year-over-year basis. sell-side analysts predict that Sealed Air Corp will post 2.41 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Friday, March 2nd were paid a $0.16 dividend. The ex-dividend date of this dividend was Thursday, March 1st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.49%. Sealed Air’s payout ratio is presently 15.27%.

Several research firms have issued reports on SEE. KeyCorp reissued a “hold” rating on shares of Sealed Air in a research note on Friday, February 9th. Vertical Research raised Sealed Air from a “hold” rating to a “buy” rating in a research note on Monday, February 12th. Citigroup cut their target price on Sealed Air from $50.00 to $46.00 and set a “neutral” rating for the company in a research note on Friday, February 9th. JPMorgan Chase & Co. cut their target price on Sealed Air from $52.00 to $50.00 and set a “neutral” rating for the company in a research note on Monday, February 12th. Finally, SunTrust Banks cut Sealed Air from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $50.31.

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Sealed Air Profile

Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business. The Company’s segments are Food Care (includes Corporate, Medical Applications and New Ventures businesses), Product Care and Corporate. The Food Care segment focuses on providing a range of integrated system solutions.

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Institutional Ownership by Quarter for Sealed Air (NYSE:SEE)

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